The National Association of Realtors (NAR) this morning released its data on pending home sales in June. The index fell from a downwardly revised figure of 100.7 in May to 99.3 in…
Paul Ausick PulteGroup Inc. (NYSE: PHM) reported second-quarter adjusted earnings per share (EPS) of $0.11 and $1.07 billion in revenue this morning. Adjusted EPS were sharply up from a loss of $0.15 in the…
Paul Ausick The three major US stock indexes opened mixed this morning with the Nasdaq Composite slightly negative on an unexpectedly weak earnings report from Apple Inc. (NASDAQ: AAPL) (more coverage here). A weak…
Signs of a recovery in the US housing market are everywhere. The National Association of Homebuilders/Wells Fargo housing market index is just the latest signal. The index rose 6 points in July,…
The signals are multiplying that a recovery in home construction is taking place. Earlier this week the S&P Case-Shiller housing price index showed a gain for the first time in seven months.…
Homebuilder Lennar Corp. (NYSE: LEN) reported second quarter earnings today that handily beat both EPS and revenue estimates. Excluding a one-time tax gain, the company posted EPS of $0.21 compared with a…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Friday. American Eagle Outfitters (NYSE: AEO) named Bull of the Day at Zacks.…
The three major US stock indexes opened higher this morning despite the refusal of the European Central Bank to lower its interest rates (our story here) and a lower-than-expected rise in US…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Chesapeake Energy Corp. (NYSE: CHK) Raised to Hold from Sell at Argus.…
Hopes for a recovery in homebuilding have picked up recently, primarily as a result of pent-up demand for new household formation. All those college grads who moved back in with their parents…
The housing market is supposed to be doing better and the lack of a new recession is supposed to have helped to put in a floor under what had been consistently falling…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday (Friday the 13th). Apple Inc. (NASDAQ: AAPL) Reiterated Buy and Raised Target…
Markets opened lower this morning but fought back on the day. This morning’s report new unemployment benefits claims tamped down enthusiasm among investors (our coverage here). US natural gas inventories rose much…
Homebuilder PulteGroup Inc. (NYSE: PHM) is leading homebuilding stocks into another trough today following a downgrade from S&P Capital IQ to ‘Strong Sell’. MarketWatch cites an analyst’s comment on Pulte that likely…
This morning’s report on the S&P Case-Shiller housing price index indicated that housing prices continue to fall in the US (our coverage here). Shortly before the January data was released, homebuilder Lennar…
